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Say you get about $1,000 per month, or $1,500 in like NYC or SF.
Well since government would probably take $2,000 a month extra in taxes to pay for it, plus the nearly 50% who don't pay taxes, I'd have to keep working. $1,500 a month isn't enough to pay rent out here, single rooms rent for that much.
I could easily have done it when I was single. I was very frugal and spent less than $1,000 a month and saved/invested most of my income.
Even today I might be able to quit if this passed. We are inches away from paying off our house and a combined $2,000 a month would likely pick up all needed expenses if we downsized some - plus started taking our dividends instead of reinvesting them. The only thing is health insurance.
Well since government would probably take $2,000 a month extra in taxes to pay for it, plus the nearly 50% who don't pay taxes, I'd have to keep working. $1,500 a month isn't enough to pay rent out here, single rooms rent for that much.
Not to mention the folks who will use that money to borrow more money (inflate their loan application) and finance things they can’t afford, I’m sure the vast majority of Americans will continue working.
Find somewhere else to move. The audacity that I have to pay for other people's laziness and the gov employees salary handing them the check. Disgusting.
I could easily have done it when I was single. I was very frugal and spent less than $1,000 a month and saved/invested most of my income.
Even today I might be able to quit if this passed. We are inches away from paying off our house and a combined $2,000 a month would likely pick up all needed expenses if we downsized some - plus started taking our dividends instead of reinvesting them. The only thing is health insurance.
I definitely could do it on a $1000 per month if I lived back in my native Ohio.
Location: Live:Downtown Phoenix, AZ/Work:Greater Los Angeles, CA
27,606 posts, read 14,619,501 times
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Quote:
Originally Posted by T-310
Somehow I am completely against someone taking my money and giving it to deadbeats and calling it some strange acronym like UBI.
Color me shocked
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